Asked by Mission bay, San Francisco, CA • Sun Apr 27, 2008
Hi, I'm interested in purchasing a condo on Berry St that hasn't yet been built. Unfortunately, I'm not ready to move in for another couple of years. I have obligations outside of the Bay Area until after 2010 but feel now is the right time to purchase in SF. How feasible is it to rent out my brand new condo (2BR/2BA, ~1100 sq ft)? I realize there may be plenty of competition from Avalon as well as from investors purchasing in Mission Bay. If I can't rent out the place until I'm ready to move back to SF, it probably doesn't make much sense. I am estimating $3500 as a fair asking price. Any opinions on how easy it would be to rent out my potential condo and for how much would be much appreciated.
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